EUR/JPY bearish today

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 25% 32% -28.00%
Shorts 75% 68% 9.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

Thursday's session did not introduce significant changes to the exchange rate price range, because any attempts made by bulls and bears to push the currency pair to either direction was restricted by the 55-hour simple moving average north and a support cluster formed by the combination of the weekly and the monthly PPs near 130.85. 

Everything being equal, it is expected that the EUR/JPY currency exchange rate tended downwards in this session for a potential test of the lower boundary of a junior descending channel. Meanwhile, according to technical sentiment, bears are likely to continue their dominance today.

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